L'Wren Scott leaves $9 million estate to Mick Jagger

By Rande Iaboni, CNN

Updated 7:19 AM ET, Fri March 28, 2014

L'Wren Scott, Mick Jagger and her fashion15 photos

L'Wren Scott, Mick Jagger and her fashion – L'Wren Scott, a noted fashion designer and girlfriend of musician Mick Jagger, was found dead of an apparent suicide Monday, March 17, according to a law enforcement official. She was 49.

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L'Wren Scott, Mick Jagger and her fashion15 photos

L'Wren Scott, Mick Jagger and her fashion – A spokesman for Mick Jagger said the singer was completely shocked and devastated by the news. The couple had been dating since at least 2003.

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L'Wren Scott, Mick Jagger and her fashion15 photos

L'Wren Scott, Mick Jagger and her fashion – Scott attends the Yves Saint Laurent Fashion Show in Paris with musicians Kanye West, second from left, and Lenny Kravitz, far right, in October 2006.

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L'Wren Scott, Mick Jagger and her fashion15 photos

L'Wren Scott, Mick Jagger and her fashion – Scott's elegant designs are popular among celebrities and politicians. In this image from March 2011, first lady Michelle Obama wears a L'Wren Scott dress during an official dinner at the National Palace in El Salvador.

L'Wren Scott, Mick Jagger and her fashion – Actress Sarah Jessica Parker wears a L'Wren Scott dress in December 2009 as she attends the after-party for the London premiere of "Did You Hear About the Morgans?"

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L'Wren Scott, Mick Jagger and her fashion15 photos

L'Wren Scott, Mick Jagger and her fashion – Actress Reese Witherspoon wears a L'Wren Scott dress for the launch of her new fragrance, In Bloom, in October 2009.

L'Wren Scott, Mick Jagger and her fashion – Actress Nicole Kidman, in a L'Wren Scott gown, presents the award for best actress at the 2009 Academy Awards.

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L'Wren Scott, Mick Jagger and her fashion15 photos

L'Wren Scott, Mick Jagger and her fashion – Scott attends an event in Beverly Hills, California, in November 2011.

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L'Wren Scott, Mick Jagger and her fashion – Scott speaks in New York City in September 2012.

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Story highlights

L'Wren Scott leaves all of her assets to longtime lover Mick Jagger

Scott's estate is estimated to be worth $9 million

Scott committed suicide on March 17, according to the medical examiner

Scott was a noted fashion designer, her designs were worn by many celebrities

L'Wren Scott left her entire estate to her longtime lover, Mick Jagger, according to the late fashion designer's will.

"I give all my jewelry, clothing, household furniture and furnishings, personal automobiles, and other tangible articles of a personal nature...to Michael Philip Jagger," Scott wrote in her will, according to a document released by the Manhattan Surrogate's Court Thursday.

Scott, 49, was found dead by her assistant in her New York apartment March 17. Her death was ruled a suicide, according to the New York City medical examiner, who determined Scott killed herself by hanging.

Scott's personal estate is estimated to be worth $9 million, according to public records. Her main asset was her Manhattan apartment, which is worth a projected $8 million, according to the filings.

Annual accounts show her London-registered business -- LS Fashion Ltd -- had racked up debts of 5.5 million euros ($7.6 million) by the end of 2012 and was burning through cash at a rapid rate.

The accounts, filed in October 2013, show LS Fashion's cash reserves were decimated over the course of a year, plunging to just under 70,000 euros at the end of 2012 from over 750,000 euros a year earlier

The company's deficit ballooned by 40% to surpass 4.2 million euros ($5.9 million) over the same period.

However, in a statement issued last Friday, a representative for Scott said, "The figures quoted in the media regarding the financial status of LS Fashion Limited are not only highly misleading and inaccurate but also extremely hurtful and disrespectful to the memory of L'Wren Scott."

"The long-term prospects for the business were encouraging. Ms. Scott was very focused on doing what was right for her global business and for the support of her team," the statement said.

Jagger, 70, posted a personal statement about Scott's death on his website last week: "I am still struggling to understand how my lover and best friend could end her life in this tragic way. We spent many wonderful years together and had made a great life for ourselves. She had great presence and her talent was much admired, not least by me."

Scott had been dating the Rolling Stones frontman since at least 2003. The lanky former model designed clothes worn by a number of celebrities, including singer Madonna, actress Allison Williams of HBO's "Girls," and actress Christina Hendricks of AMC's "Mad Men." She also created many of Jagger's looks for the Rolling Stones' 50th anniversary tour, which began in 2012 and is currently in Australia.

The Art of Elysium, an organization that brings the arts to hospitalized children, announced Thursday that it had created an award in Scott's name.